Bitget Launches US Stock IPO Subscription Service, Debut Supporting Stablecoin Subscription for SpaceX

BlockBeats News, April 10th, according to official sources, Bitget launched the US stock IPO subscription service IPO Prime for the first time, with the initial online asset being preSPAX, a digital token issued by the regulated issuer Republic, aiming to mirror the economic performance of SpaceX after its listing in a 1:1 manner. SpaceX (Space Exploration Technologies Corp.) was founded by Elon Musk in 2002.

Bitget IPO Prime adopts a subscription model, where users can obtain corresponding subscription quotas based on their VIP level. After the token distribution is completed, users can trade on the upcoming OTC market; or after the end of the preSPAX underlying debt asset lock-up period, the issuer will entrust Bitget to reference the target company's stock market price to exchange for stock tokens or USDT for users.

IPO Prime Details:

SpaceX implied valuation: $1.5 trillion;

Total IPO Prime subscriptions: 94,000;

Total subscription value: $61,100,000;

Subscription price: 1 preSPAX = $650;

Investment currency: USDT or USDGO;

Total pool cap: $1,000,000,000;

Individual investment range: $1,000-$300,000;

Investment period: April 18th, 14:00:00 to April 21st, 14:00:00 (UTC+8);

Allocation period: April 21st, 14:00:00 to April 21st, 18:00:00 (UTC+8);

OTC trading opening time: April 21st, 20:00:00 (UTC+8).